NatWest Intermediary Solutions is tomorrow (5 June) reducing rates on its three-year fixed rate £995 product fee deals of between 6-20bps. 

It will mean that its 60% LTV mortgage will have a sub-2% initial rate of 1.93%.

Key rate changes are as follows:

Residential – purchase and remortgage

Three-year fixed rate deals
£995 product fee:
60% LTV reducing by 11bps from 2.04% to 1.93%
70% LTV reducing by 7bps from 2.25% to 2.18%
75% LTV reducing by 20bps from 2.50% to 2.30%
80% LTV reducing by 20bps from 2.68% to 2.48%
85% LTV reducing by 6bps from 3.19% to 3.13%
90% LTV reducing by 16bps from 3.89% to 3.73%

Paul Kane, acting head of sales at NatWest Intermediary Solutions, said: “2015 has been a record year so far for us with mortgage applications from intermediaries continuing to grow.

“Tomorrow’s rate reductions come on hot on the heels of the introduction recently of our new emailing of customer documentation facility, which has been very well received.”